Bidweek

Natural gas prices were mixed for October bidweek, with several U.S. markets driven higher by robust power burns, rebounding LNG demand and tightening supply/demand balances. However, a seasonal decline in temperatures and a vastly improved supply outlook in the West sent prices crashing there. As a result, NGI’s Bidweek National Avg. fell 9.5 cents month/month…

Natural gas prices for September bidweek were mostly higher as temperatures were forecast to remain above-normal in the final stretch of the summer season, keeping the call on natural gas for power generation elevated. With the supply outlook vastly improving in the Western United States, however, prices there posted massive losses month/month. NGI’s September Bidweek…

Natural gas prices gained ground in August bidweek trading as markets in the West spiked amid sizzling high temperatures and ubiquitous cooling demand. NGI’s August Bidweek National Avg., covering July 25-27, climbed 3.5 cents month/month to average $2.595/MMBtu. However, the average was still down notably from August 2022, when it clocked in at $8.765 due…

Natural Gas Intelligence (NGI), a natural gas price reporting agency, has gained re-approval by the Federal Energy Regulatory Commission (FERC) as a price index developer meeting all or substantially all of the standards outlined in an April 2022 revised policy statement governing natural gas price indexes. In its July 11 order in FERC Docket No.…

Natural gas prices advanced in July bidweek trading as markets absorbed the demand impacts of summer heat permeating the nation’s midsection and most of the South and West. Maintenance-induced production declines curbed supplies during the covered period and added to the price momentum in the East. NGI’s July Bidweek National Avg. climbed 54.0 cents month/month…

In observance of the U.S. Independence Day holidays on Monday, July 3, and Tuesday, July 4, NGI’s Bidweek Survey for July 2023 will be published on Wednesday, July 5. Please also see NGI’s full 2023 Publishing Calendar.

June bidweek natural gas prices were mostly higher, supported by expectations that heat would soon become widespread, export demand could rise, and production may finally experience a sustained pullback. That said, price increases were moderate at best at the majority of U.S. locations, and weakness was seen throughout the West Coast. NGI’s June Bidweek National…

Evidence of tightening in the South Central United States sparked a recovery in local May bidweek natural gas prices, while moderating weather extended the sell-off for other areas of the Lower 48. NGI’s May Bidweek National Avg. ultimately fell 16.0 cents from the previous month to $2.020/MMBtu. The May 2023 bidweek average is a far…

Though lingering chilly weather may bolster demand in some parts of the country in April, stubbornly high production and unseasonably strong storage inventories sent natural gas bidweek prices tumbling. NGI’s April Bidweek National Avg. dropped 69.0 cents month/month to $2.180/MMBtu. Some of the biggest decreases were seen in the western United States, where losses of…